IPSE shows record confidence levels from freelancers

A new survey has revealed record levels of optimism amongst freelancers in the UK.

The latest IPSE Freelancer Confidence Index has revealed many freelancers are confident about their levels of work, especially as the economic recovery continues.

A total of 975 freelancers were involved in the research and the index showed increased levels of optimism with business confidence for the next three months up from 3.95 to 9.42.

Many of those questioned felt there had been a rise in workloads and pay rates.

Over the past three months, 38 per cent recorded an increase in the volume of work undertaken, with 87 per cent under contract at the point of the survey.

There was an average one per cent growth in day rates for freelancers compared to the previous three months – up from £525 to £531.

Positively, 27 per cent of freelancers are predicting rates will continue to increase over the rest of 2015.

Elance-oDesk UK country manager Hayley Conick, welcomed the results and that it reflected the importance freelancers have for the UK economy.

She added: “Business confidence is clearly on the up. Over 60 per cent of freelancers who have worked for their clients via Elance-oDesk expect their revenues to increase in the next 12 months. With a third of freelancers experiencing a growth in work volume over the last three months, the general outlook is very positive indeed.”

Written byJonathan London

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